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assessment. saying look unless the u.s. and europe and the global economy could fall into a steeper slowdown. they are saying confidence is being damaged. damaged confidence that discourages businesses from investing and damaged confidence stops consumers from spending. so the i.m.f. downgraded the overall growth for this year to 3% in july. so only a few months they had to downgrade the forecast basically. the i.m.f. also highlighted what you and i spoke about yesterday. the new rescue fund, the permanent rescue fund for the euro zone. they said it's very important and the leaders need to start using that fund to rescue banks. in terms of the united states, the i.m.f. was blunt and said congress needs to sit down and sort out the budget in a nutshell saying everything the leaders have done so far is just not enough and the emerging economies, china, which they downgraded. they used one phrase only, a common factory. listen to this. >> which applies to the revision in most emerging market countries is exports. they are not doing great. and the striking thing in the world in which we are is
. euro zone leaders will try to nurture the spanish economy through the troubled banks. first on the list will probably be a bailout for the spanish bank. greece is also a big worry. the european central bank on the ground but in a report card together. they cannot seem to come to agreement between the lenders about the next round of cuts to greece, which could delay the next round of bailouts for the country. the next question is can the country afford a waiting game? >> among issues is the progress for 2013. it's been relatively ok, because most of the items have been approved by the troika. so much of the additional services measures of $13.5 billion, now they look more less set. nevertheless, we need some further write-down of greek outstanding debt burden. if the imf or to participate in the program, then it would need sustainability. the forecast for the economy for the next year, the debts are not sustainable. >> i want to take you back to the mergers and acquisitions story regarding china. we hear the term "trade war." >> some say that it's kind of smells of that. given the global
of what the world spends on soft drinks every year. now arguments over the economy, social policy and presence on the world stage. there's not only talking points in europe. joe biden and his republican rival paul ryan held their one and only debate from kentucky last night. >> we welcome vice president joe biden and congressman paul ryan. >> the grizzled warrior and the young pretender, squaring up for a contest that would prove as entertaining as it was brutal. they began on libya and the attack on a consulate. >> it took the president two weeks to acknowledge that this was a terrorist attack. what we are watching on the tv screen is the unraveling of the obama foreign policy. >> with all due respect, what you just said is malarkey. >> he didn't make amends for his boss' -- on iran, he accused the republicans of loose talk. >> it was on the ascenden as i when we took office. it is now totally isolated. >> and he went where barack obama would not by referring to the secretly-filmed video where romney referred to the middle class as -- >> with respect to that quote, i think the vi
to the country's infrastructure, the economy, and culture. a region in western syria along the mediterranean remains largely untouched by the violence. the ancestral home of president assad's family and his minority alawite people. >> another day dawns along the mediterranean. ease in manyd parts of syria anymore. the only fighting is between friends on jet skis on this part of the coast. i arranged to meet a group of him students at a popular cafe. they come from the many ethnic and religious groups. they coexist here. it's hard to believe there is war raging just an hour's drive away. >> i like my town. >> what if they say it is too dangerous to come to syria? >> no, there are people shopping and playing and living. >> there's nothing happening, no problem here. if you say there's a problem in damascus, it's not all of damascus, just one area. not the whole city. >> this place is not shut off from the rest of the country. from -- when siri's uprising began 18 months ago there were also contests here in the main square, but they were forcefully put down. aside from an occasional demonstrati
Search Results 0 to 3 of about 4